The coronavirus pandemic that has rocked China since December 2019 has posed a gruelling test for the resilience of the country’s national economy. Now, as China emerges from its Covid-induced "recession", it feels like the worst is behind it. How did China manage to come out almost unscathed from the worst crisis in over a century?
This Report examines how China designed and implemented its post-Covid recovery strategy, focussing on both the internal and external challenges the country had to face over the short- and medium-run.
The book offers a comprehensive argument suggesting that, despite China having lost economic and political capital during the crisis, Beijing seems to have been strengthened by the “pandemic test”, thus becoming an even more challenging “partner, competitor and rival” for Western countries.
Introduction, Paolo Magri
1. Express Recovery from the Covid-19 Pandemic
Maximilian Kärnfelt (MERICS)
2. Policy Actions for Economic Recovery
Haihong Gao (Institute of World Economics and Politics - IWEP)
3. The Use of New Technologies During and After the Pandemic
Elisa Sales (Bank of Italy)
4. Covid-19: A Resilience Test for China’s Political System
Giulia Sciorati (University of Trento and ISPI)
5. Expectations on the Health Silk Road After the Pandemic
Eduardo Missoni (Bocconi University)
6. Withstanding the Storm: The Digital Silk Road, Covid-19 and Europe’s Options
Tyson Barker (DGAP)
7. Heading Towards US-China Decoupling?
Yukon Huang (Carnegie Endowment for International Peace)
8. China in the Post-Pandemic World Economy
Alessia Amighini (ISPI and University of East Piedmont)
Conclusions and Implications for the EU